The denier (/dəˈnɪər/; Latin: denarius, Italian: denaro, Greek: δηνάριο, romanized: dinario; abbr. d.)
Its appearance represents the end of gold coinage, which, at the start of Frankish rule, had either been Roman (Byzantine) or "pseudo-imperial" (minted by the Franks in imitation of Byzantine coinage).
[2][3] Around AD 755, amid the Carolingian Reforms, Pepin the Short introduced a new currency system which was eventually adjusted so that 12 pence (Latin: denarii; French: deniers) equaled one shilling (solidi; sols or sous) and 20 shillings equaled one pound (libra, librae, or lirae; livres).
This system and the denier itself served as the model for many of Europe's currencies, including sterling, the Italian lira, the Spanish dinero and the Portuguese dinheiro.
In Ancien Régime France, the denier was used as a notional measure of interest rates on loans.